Oil supplies from the Persian Gulf are set to tighten further as Oman and Bahrain expand refining capacity, consuming more regional crude to produce fuels like diesel for export.Most Read from Bloombe …
Mideast Oil Gets Tighter as Refineries in Oman, Bahrain Expand
Oil supplies from the Persian Gulf are set to tighten further as Oman and Bahrain expand refining capacity, consuming more regional crude to produce fuels like diesel for export.Most Read from Bloombe …
Oman’s oil and gas sector drives 30% GDP growth in 2022
Oman’s hydrocarbon sector growth rate was 61.6% from 2021 to 2022, compared to non-hydrocarbon sector growth at 16.9% during the same period, according to the Central Bank of Oman (CBO) 2022 Annual …
Sultan of Oman receives Sharjah Ruler in Muscat
His Majesty Sultan Haitham bin Tariq, Sultan of Oman, received on Tuesday, at Al Baraka Palace in the Omani capital, Muscat, His Highness Sheikh Dr. Sultan bin Mohammed Al Qasimi, Supreme Council …
BankDhofar opens its 100th branch in Oman
The launch reaffirms BankDhofar’s commitment to extend financial services and enhance customer accessibility across the sultanate besides underscoring its ‘Closer to You’ concept …
Oman’s economic revival to be sustained during 2023: CBO
The apex bank’s upbeat assessment of Oman’s economic outlook was outlined in its 2022 Annual Report issued here on Sunday, September 24, 2023. “The steadfast implementation of reforms agenda under the …
The war next door: Omani foreign policy toward Yemen
Over the past decade of turmoil, conflict, and external military intervention in Yemen, Oman’s foreign policy has emerged as the Gulf exception. Muscat has pursued a unique role, driven by both …
Oman banks, financial firms mandated to strengthen cyber-security
Under a new regulatory framework issued recently by the Central Bank of Oman, banks and financial institutions must meet a “set of minimum requirements” to build the resilience necessary to address an …
Global: Liquidity fuelling mega real estate projects in Oman
Other factors contributing to this real estate boom are as follows: Oman’s total population stood at 2.5mn in 2005 increasing by 3.8% from 2.4mn in 2004. Oman has also a young demography …
OQ Gas Networks plans to raise $771 million in Oman’s largest IPO
OQ Gas Networks (OQGN), the pipeline sector of Oman’s state oil company OQ, is planning an initial public offering (IPO) aiming to raise up to OMR297 million ($771 million). The subscription for the …